Question: Serfass Corporation's contribution format income statement for July appears below: Sales $ 346,800 Variable expenses 208,080 Contribution margin 138,720 Fixed expenses 31,910 Net operating income

Serfass Corporation's contribution format income statement for July appears below:

Sales $ 346,800
Variable expenses 208,080
Contribution margin 138,720
Fixed expenses 31,910
Net operating income $ 106,810

The degree of operating leverage is closest to:

Multiple Choice

  • 0.31

  • 0.77

  • 2.50

  • 1.30

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